Bears Trap Uniswap And Decentraland While Collateral Network’s (COLT) Presale Becomes Huge Success

Crypto projects with real-world utility, and resiliency have become hot assets for investments lately. So, when Collateral Network (COLT) launched its presale, investors ran towards it with full force.

Consequently, Collateral Network (COLT) has raised about $240k within just days of its presale, which is predicted to rise by 3500% in the coming weeks. On the other hand, projects like Uniswap (UNI) and Decentraland (MANA) have struggled to keep their positive momentum.

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Uniswap (UNI) Takes Help Of Upgrades To Stay Afloat

Uniswap (UNI) has undergone several developmental activities in the past few weeks. Recently, Uniswap (UNI) launched a self-custody crypto wallet, indicating its intention to expand its ecosystem comprehensively.

Prior to that, Uniswap (UNI) had announced launching its Version 3 on Binance Chain. Experts believe that these developments can help Uniswap (UNI) reach new scales.

Uniswap (UNI) is one of the leading decentralized exchanges in the crypto world. Currently, Uniswap (UNI) is ranked 19th by market capitalization, however, the price of Uniswap (UNI) has declined by 16% in the last 30 days. Currently, Uniswap (UNI) is available to trade at $5.51, which is 88% below its all-time high of $44.97.

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Decentraland (MANA) Loses Land’s Value

As the hype around the virtual world has intensified, the Decentraland (MANA) community is hopeful of winning big in this race. Decentraland (MANA) is one of the earliest gaming-based blockchain ecosystems.

On the Decentraland (MANA) platform, about 90,000 plots of virtual land are represented by NFTs. Decentraland (MANA) users can increase the value of the land by adding artwork and other improvements.

However, Decentraland (MANA) has suffered a fall on the price chart in recent weeks. The price of Decentraland (MANA) has plummeted by 25% in the last 30 days.

As a result, Decentraland (MANA) currently trades at $0.52, which is 91% below its all-time high of $5.90.

Collateral Network (COLT) Presale Set To Raise Millions In Coming Weeks

Collateral Network (COLT) is the world’s first decentralized peer-to-peer crowdlending platform. Collateral Network (COLT) users can borrow capital with their off-chain assets, which can be as big as real estate or as small as fine wine.

It makes Collateral Network (COLT) distinct from other lending platforms in the Defi sector, which provide loans only against digital assets like cryptos and NFTs. Collateral Network (COLT) empowers users to borrow against their physical assets via NFTs.

The platform accepts physical assets from borrowers, and mints NFTs against them. The value of physical assets is determined by artificial intelligence-powered protocol to eliminate any human bias. Investors, who buy these NFTs to fund the loans, get a fixed passive income from the interest.

Since the loans on Collateral Network (COLT) are decentralized, investors stay in complete control of their funds. Also, if any borrower fails to repay their loans, the assets submitted by them are auctioned to recover the funds for lenders.

COLT tokens will run the network’s ecosystem, and grants holders various benefits ranging from governance rights, staking, discounts and more. The presale supply of COLT tokens has begun at $0.01. But it is forecasted to grow by 35x during the presale phase.

Find out more about the Collateral Network presale here:

Website: https://www.collateralnetwork.io/

Presale: https://app.collateralnetwork.io/register

Telegram: https://t.me/collateralnwk

Twitter: https://twitter.com/Collateralnwk

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